The spoons will now pass this savings on to their customers with lower prices on some of their food and beverages.
Although the VAT reduction does not apply to alcohol served in pubs and restaurants, some of Wetherspoons real beers will be reduced.
The chain also added photos of “Dishi Rishi” to its menus, describing him as a “legend” and “the man who incited tax equality between supermarkets and pubs.”
The savings will be passed on to customers starting Wednesday, with reduced prices for coffee, soft drinks, breakfasts, real beer and other menu items.
This means breakfasts from £ 3.49 and pints from £ 1.29.
The prices of drinks from the “Sunak Specials” menu include:
- Ruddles Best ale – 1,29 £ la pinte
- Doom Bar ale – £ 1.79 a pint
- Abbot ale – £ 1.99 a pint
- Other invited beers – from £ 1.99 a pint
Wetherspoon President Tim Martin said: “Wetherspoon has been campaigning for tax equality between pubs, restaurants and supermarkets for many years.
“Supermarkets do not pay VAT on food sales and pubs pay 20%.
“Supermarkets pay around two pence per pint of business rates and pubs pay around 20 pence.
“These tax differences have helped supermarkets subsidize their beer, wine and liquor sales prices, allowing them to capture about half of pub beer sales, for example, in the past 40 years.
“Reducing VAT will help pubs and restaurants reverse this trend – by creating more jobs, helping shopping streets and possibly generating more tax revenue for the government.
“Not all hotel businesses in the UK will be able to cut prices immediately.
“Some will have to keep the advantage of lowering VAT only to stay in business. Others may need to invest in modernizing their premises.
“However, a drop in VAT and tax equality will ultimately lead to lower prices, more jobs, more crowded streets and more taxes for the government.”